ENGON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ENGON
Largest movements
- Receivables within one year -€35,201
down €35,201 (-49.8%), from €70,649 to €35,448
of which Trade receivables: -€40,883
- Tangible fixed assets +€16,168
up €16,168 (+5.2%), from €310,237 to €326,404
of which Land and buildings: +€17,830
- Deferred charges and accrued income +€4,283
new in 2025: €4,283
- Debts after one year -€15,795
down €15,795 (-5.6%), from €280,521 to €264,726
- Tax, wage and social debts -€13,213
down €13,213 (-88.3%), from €14,964 to €1,752
of which Taxes: -€13,258
- Other debts +€12,668
up €12,668 (+341.2%), from €3,712 to €16,380
- Gross operating margin -€51,235
down €51,235 (-61.2%), from €83,725 to €32,490
- Depreciation -€31,120
down €31,120 (-76.8%), from €40,525 to €9,405
- Financial charges +€13,079
up €13,079 (+710.4%), from €1,841 to €14,920
- Taxes -€3,366
down €3,366 (-37.9%), from €8,870 to €5,504
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,754 | €369,662 | -€14,092 | -3.7% |
| Fixed assets | 21/28 | €310,237 | €326,404 | +€16,168 | +5.2% |
| Tangible fixed assets | 22/27 | €310,237 | €326,404 | +€16,168 | +5.2% |
| Land and buildings | 22 | €306,957 | €324,787 | +€17,830 | +5.8% |
| Plant, machinery and equipment | 23 | €1,561 | €1,093 | -€468 | -30.0% |
| Furniture and vehicles | 24 | €1,719 | €524 | -€1,195 | -69.5% |
| Current assets | 29/58 | €73,517 | €43,257 | -€30,260 | -41.2% |
| Amounts receivable within one year | 40/41 | €70,649 | €35,448 | -€35,201 | -49.8% |
| Trade receivables | 40 | €66,807 | €25,924 | -€40,883 | -61.2% |
| Other amounts receivable | 41 | €3,841 | €9,524 | +€5,683 | +147.9% |
| Cash at bank and in hand | 54/58 | €2,868 | €3,527 | +€658 | +22.9% |
| Deferred charges and accrued income | 490/1 | - | €4,283 | +€4,283 | |
| Total equity and liabilities | 10/49 | €383,754 | €369,662 | -€14,092 | -3.7% |
| Equity | 10/15 | €60,889 | €61,511 | +€623 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,489 | €48,489 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,629 | €46,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €623 | +€623 | |
| Amounts payable | 17/49 | €322,865 | €308,150 | -€14,715 | -4.6% |
| Amounts payable after more than one year | 17 | €280,521 | €264,726 | -€15,795 | -5.6% |
| Financial debts | 170/4 | €280,521 | €264,726 | -€15,795 | -5.6% |
| Amounts payable within one year | 42/48 | €42,344 | €43,418 | +€1,073 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €15,234 | €15,795 | +€561 | +3.7% |
| Trade debts | 44 | €8,433 | €9,490 | +€1,057 | +12.5% |
| Suppliers | 440/4 | €8,433 | €9,490 | +€1,057 | +12.5% |
| Taxes, remuneration and social security | 45 | €14,964 | €1,752 | -€13,213 | -88.3% |
| Taxes | 450/3 | €14,964 | €1,706 | -€13,258 | -88.6% |
| Remuneration and social security | 454/9 | - | €46 | +€46 | |
| Other amounts payable | 47/48 | €3,712 | €16,380 | +€12,668 | +341.2% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,525 | €9,405 | -€31,120 | -76.8% |
| Other operating charges | 640/8 | €1,988 | €2,039 | +€51 | +2.5% |
| Gross operating margin | 9900 | €83,725 | €32,490 | -€51,235 | -61.2% |
| Operating profit (loss) | 9901 | €41,212 | €21,047 | -€20,165 | -48.9% |
| Financial income | 75/76B | €105 | - | -€105 | |
| Recurring financial income | 75 | €105 | - | -€105 | |
| Financial charges | 65/66B | €1,841 | €14,920 | +€13,079 | +710.4% |
| Recurring financial charges | 65 | €1,841 | €14,920 | +€13,079 | +710.4% |
| Profit (loss) for the period before taxes | 9903 | €39,476 | €6,127 | -€33,349 | -84.5% |
| Income taxes | 67/77 | €8,870 | €5,504 | -€3,366 | -37.9% |
| Profit (loss) for the period | 9904 | €30,606 | €623 | -€29,984 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,606 | €623 | -€29,984 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.